Market News


Report according art. 82 Law 24/2017

Release Date: 7/11/2018 4:01:10 PM

IRIS Code: 25086


Current Report as per art. 82 under Law 24/2017

Reporting date: 11.07.2018

Name of the issuing entity: Societatea Nationala NUCLEARELECTRICA S.A.

Registered office: Strada Polona nr. 65, Sector 1, Bucuresti

Phone/fax number: 021-203.82.00 / 021 – 316.94.00

Sole Registration Code with the Trade Register Office: 10874881 Order number: J40/7403/1998

Subscribed and paid share capital: lei

Regulated market on which the issued securities are traded: Bucharest Stock Exchange



To:                              Bucharest Stock Exchange

                                    Financial Supervisory Authority



Important event to be reported:

Transaction of the kind listed in Art. 82 of Law No. 24/2017


Societatea Nationala Nuclearelectrica S.A. ("SNN") informs the shareholders and the investors about the conclusion, on 10.07.2018 of certain legal documents with a cumulated value greater than 50,000 Euro, with Societatea Electrica Furnizare S.A.


Details on the contract concluded by SNN, as supplier, containing information about the contract’s object and total value, about mutual receivables, guarantees and payment terms and methods, are showed in Appendix 1.




Cosmin Ghita


Chief Executive Officer





Annex 1 to the current report as per art. 82 of the Law 24/2017


Parties to the legal document

Number and date of the legal document

Legal document type

Object of the document

Total amount

Mutual receivables

Issued guarantees

Payment terms and methods



SNN SA –    Societatea Electrica Furnizare S.A.





Energy sale contract


01.10.2018 -31.12.2018



Receivables at


9.026.143,80 Lei

Debt at 10.07.2018:

11.235,10 lei



Payment no later that the 10th day after the beginning of the month following the supply month.

The invoice is issued the the last 5 working days of the delivery month.

Awarded by tender on PCSU.


Penalty for each day of delay, equivalent as a percentage to the interest owed for the unpaid obligations to the state budget, calculated starting with the next day following the due date and until the offset of the owed amount, inclusively.

The failure to submit the payment warranty equals to the failure of the contract to come into force and leads to the obligation of the purchaser to pay the supplier a penalty equal to the value of the energy for 31 days namely: 5.602.320,00 lei.

The value of the letter of execution warranty issued by SN Nuclearelectrica SA is of 2.495.065,50 lei, valid until 10.01.2019.




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